NAICS code: 485300
Most drivers use rideshare driving as an easy way to earn on their own – be it part-time or full-time. But, there are taxes that have to be filed and this can be less appealing and tedious.
Don’t worry, you can have a smooth drive during the tax season by knowing the write-offs that you have and the amount of money you can save. There are car deductions that can be claimed, like the cost of gas or depreciation. But things like keeping refreshments for riders in your car or subscription to music services, count too.
We have put together a list of the most common write-offs for lyft and uber drivers that you can use to deduct your expenses.
🔌 Car Accessories
Use Schedule C, Box 22, to write it off
Phone chargers or other accessories that are used by passengers in the car can be written off.
🧭Productivity apps
Use Schedule C, Box 27a, to write it off
Apps that are used for work as navigation can be written off.
🍬 Refrehments for passengers
Write it off using: Schedule C, Box 27a
Bottled drinks or snacks that are offered to passengers are tax deductible.
🎶 Subscriptions to music service
Write it off using: Schedule C, Box 27a
Apps like Spotify, Apple Music or other subscriptions to entertain your passenger.
🧽 Car wash & detailing
Use Schedule C, Box 27a, to write it off
Services to clean your car and make it look presentable are tax deductible.🛡️ Seat covers & floor mats
Write it off using: Schedule C, Box 22
If you use floor mats and seat covers to keep your car clean, write them off.
📱Phone, laptop, accessories
Write it off using: Schedule C, Box 27a
If you buy a phone or laptop and use it for work, it’s partially deductible.
📚 Educational books
Write it off using: Schedule C, Box 27a
Educational books to increase your knowledge and skills are tax write-offs.
📝 Tool kit for vehicle
Write it off using: Schedule C, Box 18
Any office supplies you purchase, like pens, binders, printer ink and whiteboards.